ARTICLES LABELLED WITH TAG budapest
03
May
2023
May
2023
IBM Hungary occupies its new offices in Budapest
The first phase of Futureal’s Corvin Innovation Campus was built as the extension of Corvin Promenade and is home to IBM Hungary's new head office. The global technology company has already moved into the building equipped with almost completely contactless solutions.
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28
Apr
2023
Apr
2023
Office vacancy goes up again in Q1 2023 in Budapest
The office vacancy rate increased to 12.2%, representing a 0.9 pps increase quarter-on-quarter and a 2.4 pps increase year-on-year. Total demand reached 76,660 sqm, which is 24% lower than the value registered in the previous quarter, Budapest Research Forum reports.
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27
Apr
2023
Apr
2023
Residential prices fall slightly in Q4 2022 in Hungary
In Q4 2022, Hungarian residential property prices fell by 3.6% compared to the previous quarter. The Central Bank of Hungary (MNB) reports the sharpest decline was seen in smaller municipalities.
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18
Apr
2023
Apr
2023
Codic launches new office project in Budapest
Codic Hungary, a subsidiary of the Belgian developer Codic International, has launched its new office project called Modiano in downtown Budapest. It will offer 13,500 sqm of office space with 450 sqm of retail and the handover is scheduled for Q4 2025.
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21
Feb
2023
Feb
2023
Food court to be refurbished at Westend in Budapest
Apart from remodelling the food court, a 10% extension is planned in this centrally located retail complex. This is the biggest change in the life of Westend shopping centre, managed by Granit Polus. The company has not disclosed the size of the investment.
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09
Feb
2023
Feb
2023
Skanska opens first phase of H2Offices complex in Budapest
Skanska has opened the 27,000 sqm first phase of the H2Offices complex on Budapest's Váci Road office corridor. Construction of the second phase may start in H2 2023, with the third and final to be handed over in 2026 or 2027.
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07
Feb
2023
Feb
2023
Huge plot changes hands in Budapest's suburbs
Prime residential developments will start in this 13-hectare territory in Pilisborosjenő, 7 km northwest of the capital. OC Investment Solutions assisted with the deal, portfolio.hu reports.
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01
Feb
2023
Feb
2023
eMAG gets funding for logistics hub near Budapest
Romanian e-commerce player eMAG has secured a financing of around €70 million from Alpha Bank for the development of a logistics hub near Budapest.
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31
Jan
2023
Jan
2023
Office vacancy rises again in Budapest
The office vacancy rate in Budapest increased to 11.3%, representing a 0.3 pps increase quarter-on-quarter and a 2.1 pps increase year-on-year. Net absorption has remained positive by the end of the fourth quarter, amounting to 53,480 sqm and reaching 158,510 sqm year-to-date, the Budapest Research Forum (BRF) reports.
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31
Jan
2023
Jan
2023
GTC to spare energy in Budapest office building
The development firm has invested in the technical modernization of its buildings and reassured "BREEAM in Use" accreditation for the Váci Greens D complex.
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Latest news
- Summus Capital acquires office building in Kraków
- Portico buys two Mega Image stores in Ploiești
- GTC delivers strong Q1 2026 growth with 7% revenue rise
- Banks still want to lend, but only to the right projects
- Wing-owned company to acquire office building in Budapest from CA Immo
- TriGranit and DRFG acquire Korzó Shopping Centre in eastern Hungary
- One United Properties secures €80.5 million UniCredit financing
- Domestic capital dominates Czech property deals in Q1 2026
- Leading logistics developer sees growing demand from defence sector
- Stefan de Goeij named Chair of RICS European board
New leases
- Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
- Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
- DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.
New appointments
- BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
- Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
- Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.
